The next day, Zheng Wentong wore formal clothes to attend the opening ceremony of the second World Internet Conference, and sat among the representatives of Puhai Internet enterprises to listen carefully to the first day. In the long keynote speech, Zheng Wentong made special notes.

Before the opening ceremony, there were top leaders and guests to take a group photo, a total of 2,000 participants, 84 people participated in the group photo, Ahri Horse teacher, Penguin Horse, Qiandu Li Yanhong three standing in the second row, Rebus, Dong Ge, who got married this year and 360 Zhou Jiao Leader stood in the third row, among which the youngest entrepreneur representatives are Didi's Cheng Wei and Zhang Yiming of today's headlines, Didi is in the limelight at this time.

At the end of the opening ceremony, the first. Chang took the time to meet with the representatives of young enterprises who participated in the meeting, and Zheng Wentong also participated as a representative of Puhai Internet enterprises. Director Lu also briefly introduced Zheng Wentong, saying that he is one of the few post-90s founders of Puhai Internet enterprises, and he is also the star of the Wuzhen Summit.

He encouraged everyone to seize the opportunity of the mobile Internet, strive to innovate, assume the main responsibility of entrepreneurs, strive to become a rising star in the Internet industry, and create a new business card in the Internet field.

At noon, Zheng Wentong was the host, and invited representatives of the invested companies to dinner, Qu Fang of Xiaohongshu, Cai Haoyu of miHoYo Technology, Xu Yi of Station B and Yu Jianjun of Himalayas.

Xu Yi joked with Zheng Wentong, "Wentong, you are now the rising star of the Internet industry at the Wuzhen Conference, and I think you will have the hope of standing on the stage next year to take a group photo." ”

"You are eight or nine, I am ninety, the difference is one year, there is no need to ridicule me as a peer, right?" Zheng Wentong knows that the wood is beautiful in the forest, and the wind will destroy it, and it is not a good thing to receive too much attention from too many people in the absence of good development.

Qu Fang joked with Zheng Wentong, "You can't blame me for this, who made us the youngest in this group, although Wentong is the youngest, he is the richest one?" ”

Zheng Wentong raised his hand and said, "Okay, okay, this meal at noon today, count me as a treat, okay?" ”

Cai Haoyu was unhappy, "Okay, you called us to eat together, and you still want us to pay?" ”

He complained to others about Zheng Wentong's bad behavior, "Zheng Wentong borrowed people from us miHoYo Technology to prepare for the overseas game office, but he was poached by him by borrowing employees, and it became Liu Bei borrowing Jingzhou, and he borrowed but didn't pay it back!" ”

Yu Jianjun poked Cai Haoyu, "Come on, don't get cheap and sell well, how much money have you made in "Honkai Impact 2" this year?" There should be 500 million flows, right? There are also tens of millions of dollars in overseas income, so you are stealing the fun, right? ”

As the founder of station B, Xu Yi and Zheng Wentong still maintain a good personal relationship, but Chen Rui and Zheng Wentong have been estranged, and after Chen Rui became the chairman of station B, he is also ready to gradually dilute the influence of shareholder Zheng Wentong on station B.

After eating, the others left first, and Yu Jianjun stayed.

"I've been paying attention to the development model of micro headlines, and the launch of the free reading app micro reading really surprised me. Wen Group's subordinates get a piece of the pie. ”

"Wen Tong, you are also a shareholder of our Himalaya now, and Slope Investment has also followed up with Himalaya's Series B financing, in fact, Weiyue and Himalaya can also complement each other."

"Micro-reading can be played on the Himalaya by online writers, diversion and increase popularity for micro-reading, and micro-reading can also enrich the copyright library of Himalaya and reduce the procurement cost of Himalaya." Yu Jianjun explained his intention.

Zheng Wentong knew Yu Jianjun's thoughts, "Brother Yu, I really can't be the master of what you are talking about now, if you want to broadcast the micro-reading online writers in the Himalayas, you still have to pay the copyright fees to the online writers." ”

"Royalties? Aren't you guys free reading software? Besides, isn't the audio copyright of the work in the hands of Micro Ke Xinke? Yu Jianjun was stunned.

"Brother Yu, first of all, let me state that our micro-reading adopts the reading method of free + advertising, which does not mean that we will give up copyright income."

"When the microreading and the online writer sign a contract, the copyright of this work belongs to the writer 100%, and the microreading only has the priority to sign the contract, if the writer sells the derivative copyright to a third-party company, the microreading and the online writer are divided into three or seven."

"In other words, if Ximalaya purchases the network of microread, it still needs to give 30% to microread?" Yu Jianjun felt a headache, he originally wanted to prostitute the copyright for nothing.

"It's too troublesome to talk about it one by one, can you pack it as a whole? You also help to reduce the price, 70% of the author's side is indispensable, can the 30% of the micro-reading be discounted? After all, the cooperation between our two companies is good news for Weke Xinke and Himalaya, and it can also make the valuation of Himalaya in the hands of Slope Investment higher. Yu Jianjun was lucky.

"Brother Yu, I'll tell you the truth here, I've basically broken even on the Weitoutiao side, and WeReading is currently losing money, after all, I use platinum contracts, gold contracts, silver contracts and bronze contracts to sign authors, and I need to pay real money, and I have to pay the full attendance of the contracted writers every month, which is also a big expense."

"Maybe for you, this is just a small amount of money, but no matter how small the mosquito meat is, it is also meat, in the case of similar quotations, I will definitely give priority to cooperation with Himalayas, but the company is also talking about cooperation with Lychee FM and Dragonfly FM, if the quotation is too different, we still have to talk about business."

Yu Jianjun was not angry, "God is talking business, if you and I were talking at the Wuzhen Summit last year, would you still be able to buy 5.5% of Himalaya's shares at such a cheap price?" ”

A year ago, Slope Investment bought 5.5% of Himalaya's equity with 22.88 million yuan, and the current market value of this part of the equity has exceeded 100 million, and the current valuation of Himalaya is more than 2 billion yuan.

Zheng Wentong will follow up on Himalaya's C round of financing, and when Penguin enters the market to complete the D round of financing, and when Ximalaya's valuation exceeds 5 billion yuan, Zheng Wentong will gradually empty Himalaya's equity, after all, Himalaya has been plagued by copyright, and since 19 years, the VIE structure has been built, and the listing has not been completed within three years.

"Mr. Yu, since you want to talk about cooperation, let's talk about it, make money with harmony, don't be so angry, of course I am also willing to promote the cooperation between Weiyue and Himalaya, in this way, Weike Xinke will hold a creator conference in a few days, you can participate here, and when Weike Xinke starts financing, Ximalaya can also participate in it."

Yu Jianjun was a little moved, "What is the valuation of Weke Xinke's Series A financing?" ”

Zheng Wentong gestured with one or two fingers, Yu Jianjun didn't believe it, "200 million US dollars? ”

"What do you think? 2 billion RMB! Zheng Wentong replied.

"Impossible, right? How long has your WeChat Toutiao been online? In just four months, you dare to value 2 billion to venture capital institutions, you really dare to speak! ”

Yu Jianjun is envious, his Himalayan users have exceeded 300 million, monthly active users have exceeded 20 million, and the current valuation is about 2 billion.

"We have worked hard in the Himalayas for almost three years, and it is only 2 billion valuation, and your micro headlines have been online for more than 3 months, and they are actually valued at 2 billion, you can really fool!"

Yu Jianjun himself is a master storyteller, starting from the launch of the app, Ximalaya has completed a total of 9 rounds of financing, raising a total of 5 billion.

"Brother Yu, I'm not happy when you say this, I didn't fool around, this valuation was assessed by them themselves, and I didn't deliberately blow it up."

"Although our micro headlines were launched relatively late, but Weike Xinke was established in May, and it has been 7 months since it was full, and we have more than 900 technical developers alone, plus employees in other departments, and now the salary alone is more than 20 million, and the valuation is 2 billion?"

Yu Jianjun was taken aback, "I'm obedient, no wonder all the major Internet companies are saying that Weke Xinke is recruiting people every month, and HR is too busy to get busy, according to your recruitment progress, even if you melt two or three hundred million, it is not enough for you to burn, you are so optimistic about the development of Weitoutiao?" ”

Yu Jianjun was originally not optimistic about Zheng Wentong's online micro headlines, after all, the information website has been monopolized by today's headlines and mobile phone Qiandu, as well as Penguin News and the three major portals.

However, Zheng Wentong found another way and fought a bloody way, first Fang Zhouzi bombarded Chai Jing's documentary fraud, which made Weitoutiao an instant hit.

Liu Yifei and Song Chengxian's relationship was exclusively announced on Weitoutiao, and the entry of major stars brought a wave of traffic to Weitoutiao, Liu Cixin, the author of "The Three-Body Problem", and Stephen Chow, the director of "The Mermaid", brought a lot of traffic to the APP.

Even the dispute between Zheng Wentong's girlfriend Bai Xiaolu and a draft star can bring heat to Weitoutiao, and after a few rounds, the number of users of Weitoutiao has exceeded the 90 million mark, which is close to breaking 100 million.

For a mobile app, 100 million, 300 million and 500 million are the three watersheds, 100 million users means that you are already a star app, and the company has the potential to go public.

300 million users said that the app has become well-known and has begun to be closely related to people's clothing, food, housing and transportation, such as Meituan, Baidu Maps, Didi, Ctrip and so on.

If the number of app users exceeds 500 million, it is already a national-level application, covering almost all domestic netizen groups, and there are only WeChat and Alipay at present, after all, this year's Internet users are only about 700 million.

Moreover, micro headlines are different from universal wifi, and the commercial application scenarios of universal wifi are limited, so although universal wifi has 300 million users, the valuation is not as good as micro headlines with 90 million users.

And if you get rid of the loss-making micro-reading, Micro Ke Xinke can currently break even, which is too powerful, for today's headlines and mobile phone Qiandu, the advertising revenue of merchants is the key to their profitability.

Himalaya has been online for almost three years, and so far no quarterly statements have been profitable, and Station B has also been losing money year after year.

From this point of view, Weike Xinke is definitely a star enterprise, and it is appropriate to call Zheng Wentong, the founder of the post-90s generation, the rising star of the Wuzhen Summit.